2014 October Southern Indiana Power Newsletter

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NEWS FROM YOUR COOPERATI www.sinpwr.com CONTACT US OFFICE  812-547-2316 TOLL FREE 800-323-2316 FAX 812-547-6853 EMAIL SINPOWER@SINPWR.COM OFFICE HOURS

7 a.m.–4 p.m., Monday-Friday MAILING ADDRESS

P.O. Box 219, Tell City, IN 47586 BOARD OF DIRECTORS

Jeff Vogel

Phone: 660-0333 CHAIRMAN DISTRICT 1: LUCE AND OHIO TOWNSHIPS (SPENCER COUNTY)

Michelle Lynch

Phone: 843-5214 VICE-CHAIR DISTRICT 7: CLARK AND OIL TOWNSHIPS (PERRY COUNTY) AND COOPERATIVE TERRITORY IN DUBOIS COUNTY

Kevin Waninger

Phone: 836-4646 SECRETARY/TREASURER DISTRICT 6: LEOPOLD, TOBIN AND UNION TOWNSHIPS (PERRY COUNTY)

Philip Meyer

Phone: 454-2874 DISTRICT 2: GRASS, CLAY AND JACKSON TOWNSHIPS (SPENCER COUNTY) AND COOPERATIVE TERRITORY IN WARRICK COUNTY

Gary Waninger

Phone: 357-2264 DISTRICT 3: CARTER AND HARRISON TOWNSHIPS (SPENCER COUNTY)

Dirk Stein

Phone: 529-8166 DISTRICT 4: HAMMOND AND HUFF TOWNSHIPS (SPENCER COUNTY)

Randy Kleaving

Phone: 836-2536 DISTRICT 5: ANDERSON AND TROY TOWNSHIPS (PERRY COUNTY) KEY STAFF

Steve Seibert PRESIDENT/CEO

Karen Mangum

OFFICE/IT MANAGER

Jeff Hilgenhold

MANAGER OF MEMBER AND CORPORATE SERVICES

Todd Hammond

SYSTEMS ENGINEER

Principles in action

Seven fundamentals of co-op business model October is National Co-op Month, the time of year when the 29,000-plus co-ops in the U.S. take a few moments to ensure their employees, members and the general public STEVE SEIBERT truly understand the value of the cooperative business they own. While I applaud any effort that brings more attention to co-ops, my feelings are best represented by a T-Shirt slogan, “October is Co-op Month — But I Cooperate All Year Long!” Cooperatives around the world operate according to the same core principles and values, adopted by the International Cooperative Alliance (ICA). Cooperatives trace the roots of these principles to the first modern cooperative founded in Rochdale, England, in 1844. All cooperative businesses have at their foundation these seven cooperative principles to follow: 1. Voluntary and open membership 2. Democratic member control 3. Members’ economic participation 4. Autonomy and independence 5. Education, training and information 6. Cooperation among cooperatives 7. Concern for community One of the ways co-ops demonstrate that they are different from investorowned businesses is by actually living the principles. Principle 6, “cooperation among cooperatives,” is our focus this month, and there are many examples that demonstrate how co-ops do this every day. In theory this sounds so simple, answering the question, “Can’t we all just get along?” As it turns out, it’s easier

Steve Fortwendel

LINE SUPERINTENDENT

This institution is an equal opportunity provider and employer.

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ELECTRIC CONSUMER • OCTOBER 2014 • ElectricConsumer.org

to get along when we focus on what our personal or organizational self-interest is — and find others who have a similar self-interest. This is how Southern Indiana Power got started. Ordinary folks realized they would be better off working together if they wanted to bring electricity to their community. Once the co-op was established, we soon realized that if we work with our sister co-ops, we can gain control of our power supply, so we formed over 60 generation and transmission cooperatives such as Hoosier Energy, your local generation and transmission cooperative. This pattern kept repeating, and soon electric co-ops cooperated to form new co-ops that offer a variety of services, such as financing, insurance, IT services and more to ensure that they had ownership and control over these core products. This was done to help serve you, our memberowners, by making sure there would be no interruption in these vital services that help us bring electricity to you. This cooperation among cooperatives continues today, not only with co-ops directly related to the provision of electricity but in other sectors as well. Electric co-ops partner with credit unions, food co-ops, housing co-ops and others to help bring critical services to rural residents and businesses throughout the country. So while we take special note of the value of our cooperative in October, we are delighted to be a part of our community delivering vital services to you all year long. STEVE SEIBERT is the president/CEO of Southern Indiana Power.


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